Shree Renuka Sugars Limited
SRSL is one of the leading sugar manufacturers in India with a track record of over 25 years. Its operations are integrated, encompassing crushing of cane, refining of raw sugar, ethanol production and power generation.
Key Metrics
EPS
-2.95
Current ratio
0.68
Debt/Equity
-8.07
Debt/EBITDA
14.07
Interest coverage ratio
2.01
Operating Cashflow to total debt
0.15
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strong linkages with parent
Continued tangible support demonstrated by strong parent
Leading sugar producer with strong presence in branded sugar
Sugar EBITDA to cushion impact of fall in distillery segment
Stable credit metrics
Planned simplification of group structure likely to be credit neutral
Liquidity: Adequate
Cons
Susceptibility to currency fluctuations
Agro-climatic and regulatory risk; high working capital intensity
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About Shree Renuka Sugars Limited bond.
This comprehensive profile covers key factual information about Shree Renuka Sugars Limited. SRSL is one of the leading sugar manufacturers in India with a track record of over 25 years. Its operations are integrated, encompassing crushing of cane, refining of raw sugar, ethanol production and power generation. EPS in Mar-2024 was -2.95. Current ratio in Mar-2024 was 0.68. Debt/Equity in Mar-2024 was -8.07. Debt/EBITDA in Mar-2024 was 14.07. Interest coverage ratio in Mar-2024 was 2.01. Operating Cashflow to total debt in Mar-2024 was 0.15. Total revenue for Mar-2025 (E) was ₹12947.33. Net income for Mar-2025 (E) stood at ₹234.91. Total assets as of Mar-2024 were ₹10,163.30. Operating cash flow for Mar-2024 was ₹913.36. The company’s borrowing relationships include First Abu Dhabi Bank (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Bank of America (₹N/A Cr), Standard Chartered bank (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), RBL Bank (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), Standard Chartered bank (₹N/A Cr). Peers and comparison entities consist of Shree Renuka Sugars Limited, E I D-Parry (India) Limited, Balrampur Chini Mills Limited, Triveni Engineering and Industries Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong linkages with parent; Continued tangible support demonstrated by strong parent; Leading sugar producer with strong presence in branded sugar; Sugar EBITDA to cushion impact of fall in distillery segment; Stable credit metrics; Planned simplification of group structure likely to be credit neutral; Liquidity: Adequate. Key risks include: Susceptibility to currency fluctuations; Agro-climatic and regulatory risk; high working capital intensity. Leadership team details include Arun Chandra Verma (Independent Director), Atul Chaturvedi (Executive Chairman), Bharat Kumar Mehta (Independent Director), Charles Cheau Leong Loo (Non Executive Director), Deepak Manerikar (Company Secretary & Compliance Officer), Jean-Luc Bohbot (Non Executive Director), Kuok Khoon Hong (Non Executive Director), Madhu Rao (Independent Director), Priyanka Mallick (Independent Director), Ravi Gupta (Executive Director), S Sridharan (Independent Director), Siraj Hussain (Independent Director), Sunil Ranka (Chief Financial Officer), Tinniyan Kalyansundaram Kanan (Alternate Director), Vijendra Singh (Executive Director & Deputy CEO). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.